Commercial Manager
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Job Summary
PIB Group is one of the UKs fastest-growing insurance businesses and were building the commercial infrastructure to match our ambition. As we scale our multi-provider model spanning third-party managed services and strategic partnerships we need a senior commercial leader who can hold suppliers to account protect PIBs interests and drive real value from our supplier relationships.
This is a Director-level role reporting directly to the COO. Youll own the end-to-end commercial relationship across our third-party supplier portfolio lead the Vendor Management Office (VMO) and be the single point of escalation for all supplier performance matters across the Group. Its a high-visibility high-impact position for someone who thrives at the intersection of commercial rigour regulatory accountability and strategic influence.
What youll be doing:
Commercial & contract leadership
- Own all commercial contracts across PIBs third-party supplier portfolio
- Lead contract negotiations and renewals ensuring PIB never auto-renews on unfavourable terms
- Drive continuous value and efficiency improvements across supplier contracts
Supplier relationship management
- Act as PIBs primary relationship owner with all third-party suppliers at account director and board level
- Chair quarterly business reviews and manage escalation for all P1/P2 incidents
- Build credible commercially robust relationships suppliers should view PIB as a demanding and serious client
Governance & regulatory compliance
- Ensure all third-party supplier arrangements remain compliant with FCA SYSC 13.9 and Lloyds Delegated Authority requirements
- Maintain SMCR accountability mapping and coordinate annual supplier audits
- Present quarterly performance summaries to Core Exec and Apax
What were looking for:
- Several years in vendor management or commercial contract management in a regulated financial services environment
- Proven track record negotiating complex third-party supplier contracts at scale
- Working knowledge of FCA SYSC 13.9 SMCR and IDTA obligations
- Confident engaging at C-suite and board level internally and with supplier account directors
- Commercial sharpness to challenge pricing assumptions and hold suppliers to their contractual commitments
Why PIB Group
PIB Group is one of the UKs fastest-growing insurance businesses offering real career progression professional development and a collaborative culture where your work truly matters. We encourage our people to be collaborative with entrepreneurship at our core. We are a fast-paced growing organisation and an exciting place to be.
We also value ambition and creative thinking. You dont have to tick every box to apply if you bring fresh ideas and a drive to grow wed love to hear from you!
Inclusion & accessibility
We are an equal opportunities employer committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race colour gender religion disability age sexual orientation or any other characteristic protected by law.
If you need this job advert in any other format or require any adjustments for your application or during the recruitment process please reach out to
Required Experience:
Manager
About Company
PIB is a growing group of insurance advisory businesses. Launched in 2015, we have grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience across the insurance market.
